Jefferies Financial Group Cuts Easterly Government Properties (NYSE:DEA) Price Target to $12.00

Easterly Government Properties (NYSE:DEA) had its price objective decreased by Jefferies Financial Group from $15.00 to $12.00 in a research note published on Thursday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. Truist Financial reduced their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 6th. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

Easterly Government Properties Trading Up 0.4 %

Shares of Easterly Government Properties stock opened at $11.52 on Thursday. The company’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $12.95. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 64.00 and a beta of 0.69. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 1 year low of $10.76 and a 1 year high of $14.52.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). The company had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts expect that Easterly Government Properties will post 1.16 EPS for the current year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.265 per share. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.20%. Easterly Government Properties’s payout ratio is presently 588.89%.

Insider Buying and Selling at Easterly Government Properties

In related news, CEO Darrell W. Crate acquired 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Easterly Government Properties by 478.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock valued at $9,130,000 after buying an additional 556,148 shares during the last quarter. Quest Partners LLC bought a new position in shares of Easterly Government Properties in the third quarter valued at about $3,449,000. Harbor Capital Advisors Inc. raised its holdings in shares of Easterly Government Properties by 145.8% in the third quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust’s stock valued at $3,053,000 after buying an additional 133,367 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Easterly Government Properties in the second quarter valued at about $1,571,000. Finally, Barclays PLC raised its holdings in shares of Easterly Government Properties by 324.6% in the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after buying an additional 126,306 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.